Fintech

Bitcoin rises toward $64,000 as Korea's record chip crash leaves crypto untouched

SK Hynix fell 17% after profit rose 557% and still missed estimates. Bitcoin is up 1%, and the Fed decides rates today.

Coinbase wants to be Canada’s ‘everything exchange,’ but says clearer rules are needed first

Coinbase Canada's new CEO, Eric Richmond, says permanent rules, rather than temporary exemptions, are needed as the company pushes to expand into derivatives, tokenized assets and decentralized finance.

'Anything remotely dovish' from Fed could be good for bitcoin, says analyst

Traders are divided on whether the Fed will hike rates, but analysts said crypto may be less exposed than AI-driven tech stocks.

Ondo drops tokenized asset blockchain plans for private, high-speed trading network

The new network powers Ondo's recently-launched perpetual futures platform and will eventually support trading across onchain financial assets.

Wall Street veteran Don Wilson says regulators are getting perps all wrong

DRW CEO Don Wilson says perpetual futures aren't inherently risky crypto gambling tools, and it’s time traditional markets and regulators start embracing them.

BlackRock, Fidelity, other Wall Street giants back the Clarity Act

BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly endorsed the crypto market structure bill as the Senate's timeline tightens.

Ethereum startup EthSystems bets privacy is key to getting banks on public blockchains

EthSystems, which spun out of the Ethereum Foundation earlier this month, is focused on building privacy infrastructure for banks and other financial institutions.

Russia outlines new digital depository rules ahead of fall crypto framework roll-out

The central bank's draft rules require digital asset platforms to hold up to $2.8 million in liquid capital as a sweeping regulatory framework looms.

Hyperliquid is taking crypto perps deep into DeFi’s ‘money LEGO’ land

Hyperliquid is capitalizing on the volume and depth of its order book by giving firms the option to compose with the platform’s shared liquidity, rather than fragmenting it.

Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10%

U.S. Senate puts off crypto Clarity Act for now as it focuses limited bandwidth elsewhere

The majority leader is pursuing floor time for unrelated bills as the crypto industry waits for its policy effort to get its chance for votes.